Form 4: Alphatec Holdings EVP, Sales David Sponsel Reports Sale of Shares to Cover Tax Obligations

David Sponsel, EVP of Sales at Alphatec Holdings, sold 33,732 shares of common stock on March 6, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• David Sponsel, the EVP of Sales at Alphatec Holdings, Inc. (ATEC), reported the sale of 33,732 shares of common stock on March 6, 2025.
• The sale was executed at a weighted average price of $10.83 per share.
• The shares were sold to satisfy certain tax withholding obligations resulting from the vesting of restricted stock units.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on September 11, 2024.
• Following the transaction, Sponsel still beneficially owns 668,977 shares of Alphatec Holdings, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports a routine stock sale for tax purposes under a pre-existing plan. It doesn't indicate any fundamental change in the company's prospects or the executive's confidence.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the pre-planned nature of the sale mitigates this concern.

Key Dates